Gas Prices

Reliance Industries' KG-D6 floating production storage and offloading (FPSO) vessel is seen off the Bay of Bengal in this undated handout photo. REUTERS/Reliance Industries/Handout/Files

India eyes narrow political window for unpopular gas price hike

The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports.  Full Article 

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MARKET EYE-Reliance Ind falls; gas price revision to help state-run peers

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Picture Gallery

Supporters of Bharatiya Janata Party (BJP) perform folk dance at a rally to celebrate party's 33rd foundation day in Ahmedabad April 6, 2013. REUTERS/Amit Dave/Files

Jump, dive

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Thu Jan 24, 2013 2:06pm IST 

* Shares in Reliance Industries fall 0.6 percent as
the recent recommendation on a revision in local gas prices was
seen benefiting state-run upstream companies such as Oil and
Natural Gas Crop and Oil India with
immediate effect. 
* However, any price revision will not be applicable to gas
produced from Reliance Industries-operated D6 block on the east
coast, where pricing has been fixed until April
2014. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
India Markets
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